The Federal Executive Council (FEC) has approved a new exit benefit scheme that will grant retiring federal civil servants a gratuity equivalent to 100 per cent of their total annual emolument, in a move aimed…
The National Pension Commission (PenCom) has approved a 1,173 per cent increase in monthly pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), ending a 21-year delay in pension review. The approval,…
The National Pension Commission (PenCom) has begun disbursing a ₦758 billion bond approved by the Federal Government to clear outstanding pension liabilities, bringing relief to thousands of retirees nationwide. The Director-General of PenCom, Ms. Omolola…
Aviation labour unions have renewed calls on the federal government to resolve the long-standing issue of unpaid severance benefits owed to former Nigeria Airways workers, 21 years after the liquidation of the defunct national carrier.…
Retirees in Ogun State on Monday staged a protest in Abeokuta, calling on the state government to suspend the Contributory Pension Scheme (CPS). They said they resorted to street demonstrations because the policy, introduced to…
The Pension Transitional Arrangement Directorate (PTAD) says it has paid more than ₦1 trillion in monthly pensions to retirees under the Federal Government’s Defined Benefit Scheme (DBS) since assuming full management of the system in…
Great Nigeria Insurance has assured retirees under its annuity programme that any additional pension inflows due to them will be credited immediately once the funds are released. The commitment was given at the third GNI…
Retirees of First Bank of Nigeria on Wednesday staged a protest at the bank’s headquarters in Marina, Lagos, demanding a review of their pensions and medical allowances, which they say have remained unchanged for more…
The Federal Government has released N3.9 billion in arrears to 91,146 pensioners nationwide. The payment, completed on Friday in Abuja by the Pension Transitional Arrangement Directorate (PTAD), follows the recent approval of a N32,000 pension…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the National Pension Commission (PenCom) and major oil companies to address what it described as widening pension inequalities affecting retirees in…
